Legal Question in Wills and Trusts in Pennsylvania
i was taken out of my fathers will and today i received that he had a life insurance policy with me name as the beneficiary can i legally collect on the policy
2 Answers from Attorneys
Yes. None of this applies until after his death.
THIS RESPONSE IS NOT LEGAL ADVICE, SINCE I DO NOT HAVE ALL OF THE INFORMATION THAT WOULD BE REQUIRED, AND I DO NOT HAVE A REPRESENTATION AGREEMENT WITH YOU.
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I agree with Attorney Jacobson. Wills have nothing to do with non-probate assets. Examples of a non-probate beneficiary designated asset is a life insurance policy. If you are the named beneficiary and if the owner of the policy never changed the beneficiary form then the money on the life insurance policy goes to you at death. So you get to claim all the money and you don't need to spend none of it on any estate bills.